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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (25822)9/5/2011 11:21:13 AM
From: hamvestor  Read Replies (2) | Respond to of 29622
 
"Inflation in China is soaring out of control as a result of the loose policies in Washington."


You don't think that sweeping "analysis" might be a tad simplistic? So Chinese government policy had nothing to do with their inflation problem? lol.



To: GST who wrote (25822)9/5/2011 11:34:13 AM
From: ecrire  Read Replies (2) | Respond to of 29622
 
No question about Strength in Gold, up another $14 in Europe, reacting to stock market weakness. Along with Gold, Bonds and the Dollar are also rising, so going short those
two is dangerous and costly advice.

Personally I suspect that Chinese gold buying speculation is being overhyped. Central banks, on balance, have been buyers, but not currently. The late comers are jumping into Gold and will probably be blown out just as the latecomers to the tech bubble in 2000 were blown out.

Maybe this gold rally can go further, driven by the momentum players, but time is not on their side.

We'll see whether mining stocks can resist the downward pull of the crashing stocks. I doubt it.

As for the future, have no idea but all these wild number forecasts do not inspire confidence,



To: GST who wrote (25822)9/5/2011 12:15:41 PM
From: Tommaso1 Recommendation  Respond to of 29622
 
I just realized that it is easy, using Yahoo quotes, to type in the name of a gold company and get quotes on European stock exchanges. New Gold and Seabridge are up over 2% (quoted in euros); Newmont is up about 1.5%.

Just type the company name in to the left of GET QUOTES and choose your exchange (I used Frankfurt).

finance.yahoo.com